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20121027
20121104
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a major effect not only on wall street but on the presidential election as well. we'll get market experts to weigh in on that a little later. the other big story, of course, the continued fallout from hurricane sandy. if you have a car in new york, new jersey, other areas affected all along the coast, chances are you're having a hard time filling your gas tank. many stations are still closed. others are seeing huge lines. the question is how long is this going to last? we're going to get into that coming up. >> but first, let's look at where we stand as we approach this final stretch. the mark up 131 points on the dow. check it out. 1% higher on the industrial average. technology among the better performers. you have the nasdaq composite up 42 points, that's 1.5%. s&p 500 looks like this. nasdaq at the highest levels of the afternoon right now. s&p, very close to it. up about 15 points. better than 1%. >> pretty good gains. let's dig deeper into the rally, what we can expect from the jobs numbers tomorrow. >> gentlemen, good to see you. thanks for joining us. gary, let me kick this off wi
of tuesday's presidential election. here's where we stand in the final hour with the dollar moving higher today. that's pushing a lot of asset classes lower. the dow now down 102 points just off the lows of the session at 13,130. the nasdaq down 24 points, almost a full percent there at 2995. the s&p 500 index is also lower, down 8-plus points at 1418. >> i guess i would have expected a different reaction to these numbers today. so what is behind this slide in stocks? >> in today's "closing bell exchange," we have ed batowski along with ron ensana and rick santelli. rick, what's your take on the action here? as i said, you've had a strong dollar. that's pushing oil and gold and the stock market lower today. >> it is. it is pretty surprising to see the knee-jerk reaction at 8:30 to about 8:45 eastern where interest rates moved higher. treasuries sold off. dollar index jumped. the equity futures jumped. it didn't last long, as you pointed out. the only market that really remains solid with this first knee-jerk move is the dollar. i think that points to a lot of questions regarding what come
for a while. portions of the northeast could be without power maybe until election day, do we think in. >> yes, yes. the weather is very impactful to the weather from a turnout perspective anyway. we've done research that shows 30% to 35% of independent voters will not vote if the weather's bad. not only on top of that, we have upwards perhaps of 10 million people losing power this week. i'm sure there won't be that many by election day but it will be very disruptive, as well as disruptive to the campaigns. it throws a monkey wrench into the entire campaign and election. >> we don't know if there will be alternative plans as a result of that. i mean, already we were hearing earlier that the administration was considering not releasing the jobs numbers on friday. what are the alternative plans if, in fact, this does impact election day and the opportunity for those independents to vote? >> i think it could get really, really complicated and state by state. i don't i think we'll know unless the dust clears. it's an unprecedented event. you overlay it on timing before the week of the election, ma
on the financial sector. >>> and how will this storm impact next week's presidential election? ed rendell will join us live. that's coming up on the "closing bell." stay with us. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligence unit. tdd#: 1-800-
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